S. 2168 · 116th Congress
Student Loan Forgiveness for Farmers and Ranchers Act
- Stage
- In committee
- Sponsor
- Christopher Murphy
- Introduced
- 2019-07-18
- Latest action
- 2019-07-18 · Introduced in Senate
Summary
Student Loan Forgiveness for Farmers and Ranchers Act
This bill establishes a student loan forgiveness program for certain farmers or ranchers.
Specifically, it requires the Department of Education to cancel the balance of interest and principal due on a borrower's Federal Direct Loans after such borrower makes 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch.